# Dynamics of Liquidity Pool Returns: A Uniswap Example đ

Where blockchain meets Brownian motion.

A drifter, off to see the world

Where blockchain meets Brownian motion.

And how having friends makes the stalk market a lot more profitable.

A glimpse of the promised land.

A step-by-step derivation.

A proof by comparing change of measure with the Black-Scholes formula.